• 

  Jignesh Shah to stay on MCX Board for now

  October 22, 2013 23:09 IST

  Mumbai:  MCX promoter Jignesh Shah has managed to retain his position on the board in a crucial meeting held here today. The Multi Commodity Exchange today appointed three new share-holder directors, namely Union Bank of

• 

  MCX head Shreekant Javalgekar quits

  October 19, 2013 20:55 IST

  Mumbai: Crisis-hit Financial Technologies Group has had another top-level exit, with the flagship Multi Commodity Exchange of India (MCX) on Saturday saying Managing Director and Chief Executive Officer Shreekant Javalgekar has resigned.“Javalgekar has submitted his

• 

  EOW arrests former NSEL MD, CEO Anjani Sinha

  October 17, 2013 19:33 IST

  Mumbai: The Economic Offences Wing (EOW) of the Mumbai Police on Thursday arrested former National Spot Exchange (NSEL) Managing Director and Chief Executive Officer Anjani Singh who is facing Rs 5,600 crore payment crisis, in

• 

  No question of government taking over NSEL:Chidambaram

  October 14, 2013 15:49 IST

  Washington: Ruling out takeover of the crisis -ridden NSEL, Finance Minister P Chidambaram has said that its parent group Financial Technologies and another related entity MCX-SX are under watch and persons responsible for the alleged

• 

  NSEL defaults eighth time, pays Rs 2.85cr against Rs 174.72 crore

  October 08, 2013 23:59 IST

  NEW DELHI: Crisis-ridden National Spot Exchange Ltd (NSEL) today made the eighth straight payment default, as it could pay only Rs 2.85 crore to investors against scheduled amount of Rs 174.72 crore.NSEL bourse had defaulted

• 

  EOW finds half of NSEL warehouses empty

  October 04, 2013 20:11 IST

  Mumbai: In a startling development, the Economic Offences Wing (EOW) of Mumbai police, probing the Rs 5,600-crore payment crisis at the NSEL, has found half of the warehouses it raided empty, while four storage building

• 

  NSEL payment crisis:Lookout notice issued against Jignesh Shah

  October 04, 2013 19:04 IST

  Mumbai: Tightening its noose, the Economic Offences Wing (EOW) of Mumbai police, which is probing the Rs 5,600-crore payment crisis at the National Spot Exchange Limited (NSEL), today issued lookout notices against promoter Jignesh Shah

• 

  NSEL probe: EOW summons Shah, Massey, defaulting brokers

  October 02, 2013 23:56 IST

  Mumbai: The Economic Offences Wing of Mumbai Police, which is probing the alleged Rs 5,600-crore NSEL scam, has summoned bourse's promoters, including Jignesh Shah, defaulting brokers and senior officials, even as raids continued at exchange's

• 

  Lotus Refineries files Rs 2,773 cr suit in HC against NSEL

  September 30, 2013 21:02 IST

  Mumbai: Lotus Refineries today filed a claim suit worth Rs 2,773.29 crore against National Spot Exchange Limited (NSEL) in the Bombay High Court for goods lying in various warehouses of the troubled commodity exchange. “The

• 

  ICAI begins probing Financial Tech, NSEL issues

  September 25, 2013 23:46 IST

  New Delhi: With the auditors withdrawing their audit report on crisis-hit NSEL's promoter Financial Technologies, the accounting watchdog ICAI has begun looking into the matter and has sought all available details from the stakeholders concerned.“There

• 

  NSEL owes Rs 253 cr to Motilal Oswal group

  September 17, 2013 16:39 IST

  New Delhi:  Financial services provider Motilal Oswal today said the group has total exposure of Rs 253.92 crore as on date on crisis-ridden National Spot Exchange Ltd.The company, in a BSE filing said, NSEL owes

Advertisement
• 

  NSEL defaults for 4th time; pays only Rs 7.77 cr to investors

  September 11, 2013 14:02 IST

  New Delhi: National Spot Exchange Ltd (NSEL) defaulted for the fourth consecutive week as it could pay only Rs 7.77 crore on Tuesday to investors out of scheduled Rs 174.72 crore.Crisis-ridden NSEL had defaulted in

• 

  I-T conducts nationwide searches on premises of NSEL members

  India | August 22, 2013 18:15 IST

  New Delhi: The Income Tax department is conducting searches on the business premises of two dozen members of the National Spot Exchange Limited (NSEL) which is facing irregularity charges in settling Rs 5,600 crore dues

• 

  Govt likely to ban e-series contracts on NSEL

  August 06, 2013 9:50 IST

  New Delhi, Aug 6: The Government is likely to ban trading in e-series contracts on National Spot Exchange Ltd (NSEL), a move that could hit its business further.NSEL offers e-series contracts in gold, silver, copper,